Mahanagar Gas Sees Surge in Open Interest Amid Increased Trading Activity

Jun 02 2025 01:00 PM IST
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Mahanagar Gas Ltd. has seen a notable rise in open interest, reaching 13,167 contracts, alongside a trading volume of 17,675 contracts. The stock hit an intraday high of Rs 1,376.4, while delivery volume surged significantly. The company maintains a strong market capitalization, indicating active trading conditions.
Mahanagar Gas Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity in the gas sector. The latest open interest stands at 13,167 contracts, up from the previous 11,282 contracts, marking a change of 1,885 contracts or a 16.71% increase. The trading volume for the day reached 17,675 contracts, indicating robust participation in the market.

In terms of price performance, Mahanagar Gas touched an intraday high of Rs 1,376.4, representing a gain of 3.86%. The stock's performance aligns closely with its sector, which saw a 0.40% increase, while the broader Sensex recorded a slight decline of 0.13%. Notably, the stock is currently trading above its 100-day moving averages but below its 5-day, 20-day, 50-day, and 200-day moving averages.

Additionally, the delivery volume surged to 465,000 shares on May 30, reflecting a remarkable increase of 219.01% compared to the 5-day average delivery volume. With a market capitalization of Rs 13,122.63 crore, Mahanagar Gas continues to maintain a liquid trading environment, suitable for transactions around Rs 1.43 crore based on 2% of the 5-day average traded value. This uptick in open interest and trading volume underscores the stock's active engagement in the market.
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